The borrower purchased a condominium in Tustin, California for $390,000.
The subject property is a 4 bedroom, 2.5 bathroom single-family home with 1,392 constructed sq. ft., located in a great market.
The buyer is an experienced real estate investor and put down $130,000 to do a full remodel on this residential condo.
Crescent Lenders has arranged a handful of private money loans for the family of the buyer and have always had an excellent payment experience.
This property is located in a good market and the borrower is experienced fix-and-flipper with a successful track record.
Additionally, the borrower’s down payment of 33% puts us in line for a good loan-to-value of 66%.
This private money loan was financed based on the collateral and equity position.
Crescent Lenders has been the most trusted California hard money lenders for commercial and residential real estate investors for over a decade.
Whether you need to refinance an Irvine hard money loan for an office building or want more information about our probate loans, our knowledgeable and experienced team can help.
We Can Deliver Rapid Financing
Between $200k and $5 million dollars
Nationwide private lender (not a broker, avoid the extra fees)
Funding loans such as purchase, refinance, rehab, probate, 1031 exchanges and cash-out
All types of investment properties considered, residential, commercial and industrial
Crescent Lenders, 2999 Overland Ave, Suite 116, Los Angeles, California, 90064